Funding arb · Price arb /

QQQ

RWAall QQQ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.005%

Price spread now: Binance against Aevo+0.104%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.104% dearer against Aevo than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo QQQ-PERP	741.85	0.0104	pay 0.0013% / 1h	57m 25s	$92K	$1K	10x
Short	Binance QQQUSDT	742.62	0	get 0.0000% / 8h	1h 57m	$70.1M	$145.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AevobpFee BinancebpOrdersPrice spread, now +0.104%Rate

Funding earned: −$21.84
Price spread: +0.104% → 0.000%: $10.38
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.46
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	0.07 bp	5.1 bp −$5	5.8 bp −$58	10.3 bp −$1,033	28.7 bp −$14.3K

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

QQQ on 28 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX QQQ/USD [ETH-USDC]	L −0.0155% / S +0.0247%	1h	742.66	+0.110%	$25K	—	26x	as long as short
Ondo Perps QQQ-USD.P	−0.0042%	1h	741.60	−0.033%	$4.2M	$1.8M	20x	as long as short
BloFin QQQ-USDT	−0.0001%	8h	742.60	+0.102%	$1.1M	$278K	20x	as long as short
Aster QQQUSDT	0.0000%	8h	742.23	+0.052%	$823K	$858K	20x	as long as short
Binance QQQUSDTshort	0.0000%	8h	742.62	+0.104%	$70.1M	$145.4M	25x
Bybit QQQUSDT	0.0000%	8h	742.61	+0.103%	$10.6M	$5.2M	50x	as long as short
OKX QQQ-USDT-SWAP	0.0000%	8h	742.33	+0.065%	$21.5M	$28.3M	50x	as long as short
RISEx QQQ/USDC	0.0000%	1h	742.48	+0.085%	$5.4M	$6.5M	25x	as long as short
Gate QQQ_USDT	0.0000%	8h	742.00	+0.021%	$3.3M	$21.3M	50x	as long as short
Bitget QQQUSDT	0.0000%	8h	742.72	+0.118%	$16.6M	$5.6M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni QQQ	0.0000%	8h	742.82	+0.131%	$16.9M	$7.3M	—	as long as short
SunX QQQ-USDT	0.0000%	8h	743.28	+0.193%	$2K	$1.8M	10x	as long as short
HTX QQQ-USDT	0.0000%	8h	743.10	+0.169%	$251K	$41K	30x	as long as short
Phemex QQQUSDT	0.0000%	8h	743.14	+0.174%	$362K	$1.6M	10x	as long as short
Coinbase International QQQ-PERP-INTX	+0.0016%	1h	742.10	+0.034%	$1.2M	$541K	20x	as long as short
Lighter QQQ	+0.0032%	1h	742.39	+0.073%	$7.6M	$15.4M	30x	as long as short
Lighter RH QQQ	+0.0032%	1h	742.70	+0.115%	$36.9M	$79.4M	50x	as long as short
Arcus QQQ-USD	+0.0040%	1h	741.86	+0.002%	$687K	$1.6M	25x	as long as short
Vest QQQ-USD-PERP	+0.0046%	1h	743.55	+0.230%	—	$337K	50x	as long as short
GRVT QQQ_USDT_Perp	+0.0098%	8h	743.09	+0.168%	$322K	$2.0M	10x	as long as short
KuCoin QQQUSDTM	+0.0100%	8h	742.16	+0.042%	$3.4M	$354K	20x	as long as short
ApeX Omni QQQUSDT	+0.0100%	1h	742.46	+0.083%	$20K	$2.2M	50x	as long as short
Orderly PERP_QQQ_USDC_mythos	+0.0100%	8h	742.30	+0.061%	$12K	$21K	20x	as long as short
Aevo QQQ-PERPlong	+0.0104%	1h	741.85	long leg	$92K	$1K	10x
Deribit QQQ_USDC-PERPETUAL	+0.0127%	1h	742.61	+0.103%	$424K	$153K	20x	as long as short
Phoenix QQQ	+0.0129%	1h	742.39	+0.073%	$38K	$66K	20x	as long as short
Nado QQQ-PERP	+0.0147%	1h	742.34	+0.066%	$1.5M	$748K	20x	as long as short
edgeX QQQUSDC	+0.0696%	4h	742.69	+0.114%	$759K	$333K	20x	as long as short